UK mortgage approvals rose to its highest level in two-and-a-half years in July, reports said Tuesday citing data from the lobby group UK Finance.
The number of loans approved for house purchase by high street banks rose 10.6 percent year-on-year to a seasonally adjusted 43,342 in July, which was the highest figure since early 2017. In June, approvals were 43,775.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.